SRM Entertainment, Inc.’s (NASDAQ:SRM) Lock-Up Period To Expire on February 12th

SRM Entertainment’s (NASDAQ:SRMGet Free Report) lock-up period will expire on Monday, February 12th. SRM Entertainment had issued 1,250,000 shares in its initial public offering on August 15th. The total size of the offering was $6,250,000 based on an initial share price of $5.00. After the expiration of SRM Entertainment’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

SRM Entertainment Stock Down 4.0 %

Shares of SRM stock opened at $1.82 on Wednesday. SRM Entertainment has a 1 year low of $1.27 and a 1 year high of $6.01. The company’s fifty day simple moving average is $2.08.

SRM Entertainment (NASDAQ:SRMGet Free Report) last issued its quarterly earnings data on Monday, November 13th. The company reported ($0.19) earnings per share (EPS) for the quarter. The firm had revenue of $1.13 million for the quarter.

Institutional Investors Weigh In On SRM Entertainment

An institutional investor recently bought a new position in SRM Entertainment stock. Total Investment Management Inc. bought a new position in SRM Entertainment, Inc. (NASDAQ:SRMFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 83,543 shares of the company’s stock, valued at approximately $129,000. Total Investment Management Inc. owned 0.86% of SRM Entertainment as of its most recent filing with the SEC.

SRM Entertainment Company Profile

(Get Free Report)

SRM Entertainment, Inc designs, manufactures, and sells toys and souvenirs to theme parks. It sells its products through amusement parks, entertainment venues, and theme hotels in the United States, China, Japan, and internationally. The company was incorporated in 2022 and is based in Jupiter, Florida.

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